The Albanese Labor Government has released the second review of the Dairy Code, affirming its ongoing commitment to a robust dairy industry in Australia. The review of the Competition and Consumer (Industry Codes-Dairy) Regulations 2019, part of the Competition and Consumer Act 2010, indicates that the Dairy Code is effectively promoting fair and equitable opportunities within the sector.
Conducted by the Department of Agriculture, Fisheries and Forestry, the review highlights the Code’s success in ensuring transparent and fair trading practices between dairy farmers and processors. The findings are based on comprehensive consultations with industry stakeholders, providing valuable insights into the Code’s operation since its introduction in 2020.
The review features eight key recommendations aimed at reducing regulatory burdens and enhancing the understanding of the Dairy Code among industry participants. This initiative is expected to grant greater flexibility and clarity to both farmers and processors, ultimately contributing to a more efficient supply chain.
Since its implementation, the Dairy Code has played a significant role in securing important protections for farmers and processors. It fosters an environment of transparency that is crucial for improving outcomes across the dairy supply chain. As a result, dairy farm incomes have consistently surpassed long-term averages, and milk prices remain strong.
With dairy exports reaching a record $3.7 billion in the 2024-25 period, Australia has positioned itself as the fifth-largest dairy exporter globally. This achievement is attributed to new trade agreements, increased market access, and strategic initiatives designed to enhance demand for Australian dairy products.
The second review not only assesses the Dairy Code’s impact but also ensures it remains fit-for-purpose in a continually evolving industry landscape. The Albanese Government’s commitment to supporting the dairy sector reflects a broader strategy to foster economic growth and sustainability in agriculture.
By focusing on both the current strengths and potential improvements within the Dairy Code, this review aims to bolster the future of the dairy industry in Australia, benefiting farmers, processors, and consumers alike.
